Monroe Capital announced it acted as sole lead arranger and administrative agent on a $14.5 million senior credit facility to support the merger of Nelbud 360 Services Group, Inc. (“Nelbud 360 Services”) and TEAM Services, LLC (“TEAM”). Nelbud 360 Services is an existing portfolio company of Source Capital, LLC.
 
Based in Indianapolis, Indiana and founded in 1981, Nelbud 360 Services is a leading provider of commercial kitchen fire prevention and equipment maintenance including kitchen exhaust cleaning, technical services, fire protection services, and wastewater management. TEAM is a provider of full service electric and mechanical solutions including HVAC services, electrical, refrigeration, kitchen equipment, and plumbing and drain cleaning services. The merger will allow the company to broaden its service offering and further expand its geographic presence in the Midwest.

Monroe Capital LLC is a leading provider of senior and junior debt and equity co-investments to middle-market companies in the U.S. and Canada. Investment types include unitranche financings, cash flow and enterprise value based loans, asset based loans, acquisition facilities, mezzanine debt, second lien or last-out loans and equity co-investments. Monroe has been recognized by Global M&A Network as the 2015, 2014, and 2013 Small Middle Markets Lender of the Year, Private Debt Investor as the 2014 Senior Lender of the Year and the 2013 Unitranche Lender of the Year and, the U.S. Small Business Administration as the 2015 Small Business Investment Company (SBIC) of the Year.